Thursday, May 26, 2011

'Google Wallet' Announcement: Follow The Press Conference Live

Google is holding a press conference on Thursday in New York City to unveil its "latest innovations." Get the latest on the announcement right here.

Rumor has it Google will be taking the wraps off of a new mobile payments system--"Google Wallet"--that allows shoppers to pay for purchases simply by waving their smartphone, equipped with near-field communication technology, over a special reader at check-out counters.

Why would Google want to build a digital wallet? Read our take here, then tune in at 12PM ET to follow the press conference live. We'll be live blogging it below.

A spokesperson has confirmed that Google will be livestreaming the event here.